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Sat, May 04, 2024 11:40 PM All times are UTC

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Samsung Heavy reports 506.8 billion won quarterly loss amid shipbuilding boom

May 31, 2021 23:46 pm UTC| Economy Business

Samsung Heavy Industries continues to reel under troubled finances and weak recovery scenarios reporting an operating loss of 506.8 billion won in its quarterly earnings for the January-March period. Some of the losses...

South Korea’s growth forecast upgraded to 3.8%

May 31, 2021 23:42 pm UTC| Economy Business

The South Korean economy is now forecast to grow 3.8 percent this year by the Organization for Economic Cooperation and Development (OECD), who earlier projected a 3.3 percent growth. The boost was due to strong export...

Jeju’s tourist arrivals reach 1.1 million in May amid increase in COVID-19 infections

May 31, 2021 23:32 pm UTC| Economy Business

Jejus tourism association expects the islands monthly tally of tourists for May to top 1.1 million, the fifth time since the outbreak of COVID-19 for the monthly visitors to exceed. There were three other times it...

Japanese sweets maker Imuraya sells record 290 million ice lollies amid pandemic

May 31, 2021 23:27 pm UTC| Economy Business

Sweets maker Imuraya Group Co. sold a record 290 million units of its Azuki Bar ice lolly series to help push its sales to 42.1 billion yen and increase its net profit by 4.7 times from last year to 650 million yen in the...

Fiat Chrysler recalls Ram trucks over the risk of wheels falling off

May 31, 2021 10:02 am UTC| Business Economy

Fiat Chrysler announces recalls for Ram trucks, and over half a million units are affected. It was reported that the recall is due to an issue that may result in the vehicles wheels getting detached and falling off. The...

Kroger offering $1 million in prizes and free groceries to encourage COVID-19 vaccinations

May 31, 2021 09:29 am UTC| Business Economy

Kroger is giving away $1 million and free groceries for a year to people who receive their COVID-19 vaccine in Kroger Health. The promotion has been launched in an effort to encourage citizens to get vaccinated. The...

AKUA launches the world’s first plant-based Kelp burger

May 31, 2021 08:42 am UTC| Business Economy

AKUA, an American company, unveiled the worlds first kelp burger that can be called the meat from the sea. An innovative vegan product has been introduced, and it is completely new in the plant-based food manufacturing...

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Economy

The US is one of the least trade-oriented countries in the world – despite laying the groundwork for today’s globalized system

Given the spate of news about international trade lately, Americans might be surprised to learn that the U.S. isnt very dependent on it. Indeed, looking at trade as a percentage of gross domestic product a metric...

Beyond the spin, beyond the handouts, here’s how to get a handle on what’s really happening on budget night

Three weeks from now, some of us will be presented with a mountain of budget papers, and just about all of us will get to hear about them on radio, TV or news websites on budget night. The quickest way to find out what...

Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility

Ivan Vladislavić is Johannesburgs literary linkman. He tells us, in the first pages of his new book, The Near North, that before cities were lit, first by gaslight and later electricity, people of means paid torchbearers...

Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget

With Jim Chalmerss third budget on May 14, Australians will be looking for some more cost-of-living relief beyond the tax cuts although they have been warned extra measures will be modest. As this weeks consumer price...

Inflation is slowly falling, while student debt is climbing: 6 graphs that explain today’s CPI

Australias inflation rate has fallen for the fifth successive quarter, and its now less than half of what it was back in late 2022. The annual rate peaked at 7.8% in the December quarter of 2022 and is now just 3.6%, in...

Politics

US Urges China, Russia to Reject AI Control in Nuclear Arms, Align with Global Norms

Paul Dean, a senior U.S. arms control official, emphasized the critical need for China and Russia to join the U.S. in declaring that humans will always decide on the deployment of nuclear weapons, not artificial...

South Africa’s youth are a generation lost under democracy – study

South African president Cyril Ramaphosa recently painted a rosy picture in which the countrys youth democracys children had enormous opportunities for advancement, all thanks to successive post-apartheid governments led...

Sadiq Khan on track for third term as London mayor – but nearly half of Londoners dissatisfied with performance

Polls have consistently shown that the incumbent mayor of London, Sadiq Khan, appears to be on track to win a third term in office at the upcoming mayoral elections on May 2. One poll we commissioned as part of our...

Biden administration tells employers to stop shackling workers with ‘noncompete agreements’

Most American workers are hired at will: Employers owe their employees nothing in the relationship except earned wages, and employees are at liberty to quit at their option. As the rule is generally stated, either party...

Labour can afford to be far more ambitious with its economic policies – voters are on board

To say that the Labour party is flying high in the polls is something of an understatement. But despite its consistent lead against the Tories, the opposition finds itself in a rather odd position: on the cusp of power but...

Science

IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects

About a trillion tiny particles called neutrinos pass through you every second. Created during the Big Bang, these relic neutrinos exist throughout the entire universe, but they cant harm you. In fact, only one of them is...

The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup

A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this...

A Nasa rover has reached a promising place to search for fossilised life on Mars

While we go about our daily lives on Earth, a nuclear-powered robot the size of a small car is trundling around Mars looking for fossils. Unlike its predecessor Curiosity, Nasas Perseverance rover is explicitly intended to...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Peter Higgs was one of the greats of particle physics. He transformed what we know about the building blocks of the universe

Peter Higgs, who gave his name to the subatomic particle known as the Higgs boson, has died aged 94. He was always a modest man, especially when considering that he was one of the greats of particle physics the area of...

Technology

Altcoin Market Rally Predicted, Analysts Forecast $4 Trillion Market Cap Surge

Analysts are predicting a substantial rally in the altcoin market, with projections indicating a surge that could drive the market cap to an impressive $4 trillion. This optimistic outlook is supported by positive economic...

Shiba Inu's Remarkable 12% Surge Fueled by Record SHIB Burns, Community Momentum

Shiba Inus ascent reaches new heights as the cryptocurrency experiences a remarkable 12% surge, fueled by record-breaking SHIB burns. The surge reflects robust community engagement and underscores the dynamic nature of the...

Vodafone Ventures into Crypto Integration: SIM Cards to Host Blockchain Wallets

Vodafone, the UK-based telecom giant, is pioneering a groundbreaking initiative to fuse blockchain technology with smartphone functionality by integrating cryptocurrency wallets directly into SIM cards. This innovative...

Leak: Huawei's Kirin PC Chip, Qingyun Notebooks to Launch Next Month

Leaked information hinting at the imminent debut of the highly anticipated Kirin PC chip alongside the release of new Qingyun notebooks. The introduction of this computer-dedicated CPU marks a significant milestone for...

Tesla Enhances Model Y Lineup with Longer-Range Variant, Price Adjustment

Tesla has revamped its Model Y offerings, bidding farewell to the standard range rear-wheel-drive (RWD) model while introducing a longer-range variant for an additional $2,000. This strategic maneuver aligns with Teslas...